1、 Price trend
According to the bulk list data of business society, the price of aniline increased continuously this week. On August 13, the price of aniline in Shandong was 10400-10600 yuan / ton and that in Nanjing was 10600-10700 yuan / ton; On August 20, the price of aniline in Shandong was 10900-11100 yuan / ton, and that in Nanjing was 11100-11200 yuan / ton. The price increased by 4.11% compared with the beginning of the month, 38.82% compared with the beginning of the year, and 152.11% compared with the same period last year.
2、 Analysis and review
In terms of cost, due to the delay of import ships in the early stage and the delivery near the end of the month, domestic purchase is more active and pure benzene negotiation is better. However, during the week, crude oil fell deeply, coupled with the continuous decline of styrene, the fundamental support weakened, pure benzene was under pressure, and the price fell. On Sunday (August 22), the price of pure benzene was 7250-7550 yuan / ton (the average price was 7480 yuan / ton), and the average price decreased by 60 yuan / ton or 0.8% compared with last week; Compared with the same period last year, it increased by 119.35%.
The price of nitric acid rose again this week. On Friday (August 20), the production price of nitric acid in East China was 3163.33 yuan / ton, an increase of 2.15% over last week and 110.89% over the same period last year.
Due to the impact of the epidemic, the shipment of enterprises in East China is blocked, but the downstream demand is good and the market bullish mentality is good. The inventory of aniline factories in North China was low, enterprises were reluctant to sell at low prices, and the offer continued to rise.
3、 Future expectations
In terms of cost, the cost side is still likely to decline, and the support for pure benzene is weak; The downstream profit space is expanded, the operating rate is improved, and new units are expected to be put into operation in the downstream, and the demand for pure benzene is better in the near future. Overall, near the end of the month delivery, the pure benzene market may pick up, but crude oil may drag down the price.
Aniline has a good profit margin and is supported by downstream demand. It is expected that aniline will continue to operate strongly next week. In September, the demand for downstream rubber additives may pick up, which is expected to bring good results. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.
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